RE: Arc for Arc's Sake!1 Mar 2014 12:52
Those are hefty buys for something with an mcap of £1.5m (at the time) so I'm not surprised to see it do so well since then.
Techs are a little warm but still plenty of room for a significant rise should it come - that MA50 support and the weekly Golden Cross have to do their bit from here ahead of results I guess.
The recent form has a bit of an ascending wedge to it and that's usually problematic, particularly in its current position, this week may prove telling there methinks - breaking out of the top of that wedge would imply a potentially serious rerating of the SP upwards to my eye but there's some ifs and buts to sort out first so let's see what happens, I would see a pullback from here only going to c0.15 though if it comes to that ...